Question
The Fed changes reserve requirements from 10 percent to 8 percent, thereby creating $900 million in excess reserves. The total change in deposits (with no
The Fed changes reserve requirements from 10 percent to 8 percent, thereby creating $900 million in excess reserves. The total change in deposits (with no drains) would be
Multiple Choice
$11,250 million.
$15,625 million.
$12,857 million.
$3,795 million.
None of these choices are correct.
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Principles Of Financial Modelling Model Design And Best Practices Using Excel And VBA
Authors: Michael Rees
1st Edition
111890401X, 978-1118904015
